Doruk, Omer TugsalKonuk, SerhatAtici, Rumeysa2025-01-062025-01-0620211544-61231544-613110.1016/j.frl.2021.1020212-s2.0-85103718565https://doi.org/10.1016/j.frl.2021.102021https://hdl.handle.net/20.500.14669/3019In the present study, we examine the effect of government fiscal policy on firm risk in the postCOVID-19 period for an emerging market: Turkey. By doing so, we utilize a propensity score matching method to examine the effect of the short-term working allowance, which is a unique short-term COVID-19 mitigation policy for the Turkish economy, on firm risk. The obtained findings show that the effect of short-term working allowances on firm risk is efficient at mitigating the effect of COVID-19. Our results are also robust as to different robustness checks.eninfo:eu-repo/semantics/openAccessShort-term working allowanceTurkish economyFirm riskCOVID-19 periodPropensity score matchingArticle34812256Q143WOS:000720830000018Q1